1.42 million cars have been sold in 2016 in Russia

AEB – In 2016 new car and LCV sales declined by 11 % or 176,319 units in comparison with the same period of the previous year. 1,425,791 cars have been sold in 2016.

In December 2016, sales of new cars and light commercial vehicles in Russia decreased by 1% compared with December 2015 or by 1526 sold units, and amounted to 145,668 cars, according to the AEB Automobile Manufacturers Committee.

“A nearly balanced year-on-year performance in December concludes a similarly balanced 4th quarter (-0.9% respectively vs. the same period last year). After the double-digit losses in the first 9 months of the year, this is a good progress. The market as a whole is still lacking positive momentum, but apparently is in process of finally establishing its bottom.

Full year sales of passenger cars and light & medium commercials in 2016 reached 1.42 million units, 11% below the 2015 result of 1.60 million. In 2017, the AEB believes the market has the potential to end a 4-year period of decline and to return to moderate growth. Total market sales are expected at a level of 1.48 million units, or 4% above 2016 result”.